CoinNess Daily Briefing
To Make Your Crypto Investing Easy
 
Tuesday, July 9, 2019
Market Review

CoinNess.com Market Surveillance July 9: BTC Price Decreases To The $12200 Level
As of 11:00 (UTC) on July 9, the global index of Bitcoin (BTC) price increases to the $12,200 level, marking $12,296.70. It has registered an increase of 3.78% in the past 24 hours. 
The CoinNess.com Bullish vs. Bearish Indicator shows our four-hour technical bias on BTC is "Buy" with three indicators sending out a selling signal, four showing a neutral signal, and 11 indicating a buying signal.
The broad market shows a down trend, with 30 out of Top 100 cryptos by market cap rising.
The global market cap reads $343.99 billion, and the 24-hour trading volume is $82.78 billion.
Major Coins 
1. BTC quotes show 12,236.39 USDT on Binance, $12,307.00 on Bitfinex and $12,322.73 on Coinbase Pro; 
2. CoinNess.com Market Index presents quotes for major cryptocurrencies besides BTC as following:
ETH marks $311.95 (+1.00%);
XRP marks $0.3968 (-0.16%);
BCH marks $419.00 (+1.27%);
EOS marks $5.96 (-0.20%);
LTC marks $120.18 (-0.08%);
ETC marks $7.91 (-0.94%).
 


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Todays Headlines

1.  A sell order of 6,558 BTC occurred on Binance and within 20 minutes, the exchange witnessed the successful selling of more than 5,000 BTC, which caused a sudden price plummet of BTC to 12068 USDT. 
Binance’s co-founder HE Yi commented on Weibo: "the selling of more than 5,000 BTC within 20 minutes on Binance only caused a price plummet of 300 USDT. This is what we call 'market depth.' Easy buying, easy selling."

                                                                                                                                                                                        Read More


2. Polish cryptocurrency exchange Bitmarket has just shut down without warning. According to a brief message posted late on July 8 on its website, Bitmarket - said to have been Poland's second largest crypto exchange - stated: "We regret to inform you that due to the loss of liquidity, [from] 08/07/2019, Bitmarket.pl/net was forced to cease its operations. We will inform you about further steps."
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3. Lee Hsien Loong, Prime Minister of Singapore, advised sober assessment of blockchain technology in a Facebook post shared earlier. Ironically on his Facebook post he was also commenting on the Facebook's controversial cryptocurrency project, Libra.
Describing Facebook's Libra, he said it has "a lot of hype, and whether this is really the next big things remains to be seen." He further adds that we should not be swept up by all the hype surrounding blockchain and assess the technology for what it really is, understand it's limitations and realize not every problem needs a blockchain solution.

                                                                                                       
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Hot In Asia

1. South Korean tech giant Samsung has added six new DApps for users of its Galaxy S10 smartphone's blockchain wallet. The company announced an initial four DApps for the Samsung Blockchain Wallet in March this year, with support for gaming platform Enjin, beauty content sharing platform Cosmee, as well as CryptoKitties, and the merchant payment service CoinDuck.                                                                    

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2. Binance announced to retain the 25% trading fee discount for traders using Binance Coin (BNB) for at least one more year. "From 2019/07/14 00:00:00 (UTC) to 2020/07/13 23:59:59, the trading fee discount will remain at 25%, instead of the previous decrease to 12.5% as stated in our White Paper," according to the announcement.
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Q & A

Question: What are Smart Contracts and Vyper ?

 

Answer: 

Vyper is an experimental, contract-oriented programming language for the Ethereum Virtual Machine that strives to provide superior auditability, by making it easier for developers to produce intelligible code. In fact, one of the principles of Vyper is to make it virtually impossible for developers to write misleading code.

In this chapter we will look at common problems with smart contracts, introduce the Vyper contract programming language, and compare it to Solidity, demonstrating the differences.

                                                                                                       Read More

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Disclaimer: CoinNess.com or anyone involved with CoinNess.com will not accept any liability for any trading loss or damage as a result of reliance on the information contained within this email including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.  CoinNess.com would like to remind you that the data contained in this email is neither necessarily real-time nor accurate. All crypto prices, Indexes, Futures, buy/sell Signals and Forex prices are indicative and not appropriate for trading purposes; furthermore they are not provided by an exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price. CoinNess.com doesn't bear any responsibility for any trading losses you might incur as a result of using this data. 

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